European majors are trading generally lower today, in quiet markets just ahead of monthly close. On the other hand, Dollar is among the strongest together with Aussie and Kiwi. Despite steep selloff in Asian stocks, European markets recover after initial weakness. Bond markets are steady with major treasury yields...
The forex markets are rather quiet in Asian session today, but risk aversion is dominating in stocks as lead by deep decline in Hong Kong. Institutional investors could be starting to light up their positions just ahead of an important December. US support of Hong Kong autonomy and democracy...
Sterling surges broadly today as YouGov predicts a Conservative Win in the upcoming UK election, which puts Brexit on the right track. The Pound also takes Euro slightly higher somewhat. On the other hand, Australian Dollar is generally weaker after poor capital expenditure data. Yen recovers mildly but stays...
Dollar trades generally higher today as supported by better than expected economic data, in particular, durable goods orders. Though, Sterling is so far even stronger, as consolidations extend. On the other hand, Euro is the worst performing one, followed by Swiss Franc. For the week so far, the Pound...
Dollar firms up mildly in Asian session as this week's brief consolidation seems to be completed. Stocks were given another lift by trade hope overnight, with major indices extending record runs. Optimism somewhat continues in Asia but investors there seem to be relatively unconvinced. Kiwi is currently the second...
Dollar remains generally firm today but there is not follow through buying so far. Comments from Fed officials affirm that the mid-cycle adjustment in monetary policy has completed. But upside is capped by uncertainty over trade negotiations with China. Also, traders seem to be already in holiday mood ahead...
Trade optimism pushed US stocks to new record highs overnight but markets are just mixed in Asia. While US and China held another trade phone calls, there is no clear sign of any breakthrough. In the currency markets, New Zealand Dollar is the strongest one today so far, lifted...
Global equities strengthen mildly today on some trade optimism. China's announcement to tighten up intellectual property protection rules might boost the chance of finally an agreement with the US. Also, even the hawkish tabloid Global Times said they're close to a deal. In the currency markets, Yen trades broadly...
Yen and Dollar trade mildly lower in Asian session today. Hong Kong stocks lead Asian markets higher, as the landslide pro-democracy victory in Sunday's election would give China more pressure to end the city's unrest. Meanwhile, New Zealand and Australian Dollars are trading higher on easing risk aversion. Sterling...
Market sentiments turned generally more cautious last week on renewed uncertainties over US-China trade negotiations. Yen ended as the strongest one on weakness in stocks and treasury yields. New Zealand Dollar was the second strongest, extending prior week's rebound. Dollar was the third strongest helped by late buying. Meanwhile,...
Sterling drops broadly today as poor PMIs suggest quarterly GDP contraction. Following the Pound, Swiss Franc is the second weakest for today, and then Dollar. On the other hand, commodity currencies are generally higher are sentiments recover mildly ahead of weekly close. The Loonie is also supported by slightly...
Sentiments remain generally cautious in Asian session today. Major indices are mixed following slight weakness in US stocks overnight. The Pound failed to break through near term resistance against Dollar for the second time and retreated. Euro's rebound against Dollar also lost momentum. Canadian Dollar recovered after BoC Governor...
The forex markets are rather mixed today even though stocks are generally in risk averse mode. Sterling regains some strength and takes Euro higher with it. Yet, there is no follow through buying through near term resistance against Dollar and Yen yet. Yen and Dollar turned mixed as markets...
Commodity currencies are back under pressure as Asian markets tumble on uncertainties over US-China relations. It's unsure whether the phase-one trade deal could be completed in time to avert the December batch of new tariffs. The situation is further complicated by US passage on an Act to support Hong...
Dollar and Yen are the two strongest ones today so far as investors are turning cautious regarding US-China relations. The so called phase-one trade was was supposed to be signed at the cancelled APEC summit in Chile last week. But there is no concrete news regarding the progress yet....
Yen and Swiss Franc are back in driving seats, together with Dollar. US stocks hit new record highs overnight reversed to closed lower. Asian markets follow and trade broadly lower. While there is no "concrete" good news regarding US-China trade deal, political tensions between the two super power intensified...
Sentiments in the markets were lifted by news that China is going to step up credit support to the economy. Commodity currencies strike a strong come back, as led by New Zealand and Australian Dollar. On the other hand, Swiss Franc and Yen are back under pressure. Sterling also...
Australian Dollar weakens broadly today following more dovish than expected RBA minutes. New Zealand Dollar is currently the second weakest together with Swiss Franc. On the other hand, Euro, Sterling and Yen are the stronger ones. Dollar is mixed on confusing messages regarding US-China trade deal. So far, it...
Yen rebounds strongly in early US session on talks that China is pessimistic on US trade deal. But still, at this point, Sterling remains the strongest one for today as lifted by hope of a Conservative win in the upcoming election in December. For now, Euro is also firm...
Risk appetite extended from last week's strong US close into Asian session. Markets cheer the "constructive" US-China trade talks while ignoring escalation in unrest in Hong Kong. Yen is currently one of the weakest together with Swiss Franc. Though, Australian Dollar is also soft among them. On the other...